At The Law Office of Cliff Brisson, Jr., we have helped thousands of clients find relief from debt while still retaining a certain amount of property. Our attorney has more than 35 years of experience with bankruptcy exemptions in North Carolina. In North Carolina, an individual filing for bankruptcy can claim these things:
- $35,000 exemption for each debtor in his or her home
- $3,500 exemption for one motor vehicle for each debtor
- $5,000 exemption for household goods per debtor, plus $1,000 for each child or other dependent
A $5,000 "wildcard" exemption may also be available to cover any other personal property. In addition, individual retirement accounts (IRAs), 401(k) plans and similar retirement accounts are typically protected.